Turquoise Hill Resources, which is listed on the Toronto and New York Stock Exchange, introduced an “Oyu Tolgoi” project at BMO Global Metals and Mining Conference. Copper production is expected to rise by 340 percent from 2018 to 2025 in the Oyu Tolgoi project, which is expected to become the world’s third largest copper mine. According to Turquoise Hill Resources, gold production will increase by 150 percent over the same period. In addition, the cash flow of Oyu Tolgoi project reached $ 2 billion over the period from 2014 to 3Q2017. The free cash flow from 2022-2026 is estimated to be 9.5 billion dollars. In 2025, Oyu Tolgoi’s production is expected to peak. According to the Turquoise Hill Resouces, the demand for copper from 2017 to 2025 will increase by about six times, depending on the use of electric cars. As for Rio Tinto, Rio Tinto may raise up to $ 5 billion in assets in 2018, according to UBS Bank. Experts estimate that the company is able to raise assets by receiving $ 1.8-2.3 billion from the sale of Pacific Aluminum, about $ 1.3-1.6 billion from the Canadian Iron Ore Company, and $ 3.8 billion from Grasberg’s gold and copper projects.

In addition, Rio Tinto may seek a chance to sell its shares in Sohar’s smelter in Oman. Therefore, “Rio Tinto” may be able to increase its $ 2.7 billion repurchase program, and it may be possible to provide a special dividend in August, according to UBS.

Source: BloombergTV.mn